Savings Bonds and tax refunds guidance for 1965 returns
The April 15 1965 tax filing offers a choice to receive refunds in Series E Savings Bonds. Bonds are issued in the largest denomination possible from the refund amount, with any remaining as a check. A question about a $1000 Series E bond shows its value rising from $1500 in 1964 to $1981.80 by June 1972, then stopping at that rate. A widow asks to issue bonds in her name and church endowment fund. answer: only natural persons may be co owners or beneficiaries.